Latest DePIN News

Aethir, a decentralized GPU-as-a-Service platform, has been analyzed in a new report by Mythos Research and CMC Research. The report delves into Aethir's technology, partnerships, and market position in Decentralized Physical Infrastructure Networks (DePIN). Aethir aims to connect GPU providers with consumers in AI, gaming, and virtual computing. It boasts a $24 million GPU infrastructure across 13 countries, serving as a marketplace for aggregated GPU resources. The platform's diverse network allows for efficient pooling and utilization of distributed computing resources, highlighting its potential in the decentralized infrastructure market.

FilOz, a new team within the Filecoin ecosystem, is focused on securing and expanding the Filecoin protocol. With a mission to drive innovation and collaboration, the team works on protocol improvements, network upgrades, and maintaining open-source software. In 2024, Filecoin aims to integrate various networks through Layer 2 solutions, make Filecoin a fundamental storage layer for web3, and expand the economy and community. FilOz's priorities include accelerating storage adoption, enhancing Filecoin's utility with cross-chain interoperability, simplifying maintenance, growing the community, and expanding the economy. They invite individuals and teams to contribute to the mission and have secured initial funding from the Protocol Labs Filecoin Public Goods Fund.

Stratos Network's v0.12 upgrade marks a significant leap forward in decentralized infrastructure technology. This update introduces a range of features that enhance the Stratos Chain and Decentralized Storage network, improving the user experience within the Stratos ecosystem. Key upgrades include seamless Cosmos transactions via Wallet Connect and Metamask, integration with Exoswap for effortless token delegation, and the introduction of Cosmos IBC for broader ecosystem connectivity. Stratos Wallet now supports Wallet Connect, facilitating efficient STOS token transfers and exchanges. The Stratos Chain also supports prepayment using Solidity smart contracts, with a Prepay bridge for cross-chain SDS storage. Stratos Decentralized Storage (SDS) sees enhancements such as volume report settlement improvements, a Share-To-Earn mechanism, and improved backup and autoscaling for data security. RPC performance and resource node performance detection have also been enhanced, alongside an improved video streaming workflow.

The MetaCannes Film3 Festival, a collaboration between Theta Network and The Squad, concluded on May 25, 2024, offering a tech-forward and inclusive cinematic experience. The event featured world premieres, live streaming, and a focus on empowering underrepresented voices in the film industry. Sian Morson, founder of The BlkChain, curated a Short Film Block highlighting BIPOC voices, while Herflix sponsored a women-focused content feed and hosted the Better World Foundation gala. Swan Sit, known as the 'Queen of Clubhouse,' hosted the Herflix gala, which was attended by notable figures such as Juliette Binoche and Lang Lang. The festival introduced the Next Wave of Cinema Awards, with 'FREE FALL' winning the Grand Jury Golden Wave Award and 'FALLING FROM GRACE' receiving the Special Jury Prize for AI Cinema. MetaCannes emphasized AI's role in filmmaking through its MetaCannesNEXT segment, showcasing AI's impact on storytelling and distribution. Attendees enjoyed exclusive screenings of award-winning short films and new works by innovative filmmakers. Powered by Theta Network's NFT-based digital rights management, the festival provided a secure and transparent platform for film access. The event also launched exclusive NFT passes, enhancing the viewer experience with blockchain technology and offering access to creators in a token-gated Discord channel.

At the IO Summit, io.net unveiled its decentralized physical infrastructure network, demonstrating recent achievements and future plans. The June 4 keynote featured CEO Ahmad Shadid and notable guests like Solana's Anatoly Yakovenko. io.net raised $30M in Series A funding, increasing its valuation and adoption. Shadid expressed excitement about scaling the internet of GPUs, launching io.net Cloud, and meeting demand for a scalable Decentralized Physical Infrastructure Network (DePIN). The team also shared updates on developing utilities for DePIN.

The term DePIN (decentralized physical infrastructure networks) has gained traction, with a projected market valuation of $1 trillion in the next decade. DePIN's roots trace back to early decentralized networks like BitTorrent and the Tor network, which showcased the power of decentralized systems in distributing data and enhancing privacy. Today, DePIN has evolved into a distinct vertical within the blockchain space, with significant investments in ventures like decentralized wireless networks and storage solutions. However, many projects misappropriate the DePIN label, failing to deliver on the fundamental aspects of providing physical infrastructure and network governance through consensus voting of the network's hardware. To qualify as true DePIN, projects must be in the business of providing physical infrastructure and operate without central control, utilizing physical assets and fairly rewarding contributors. The misuse of the DePIN term can mislead investors and stakeholders, diluting its meaning and undermining the integrity of genuine DePIN initiatives. Understanding the core principles that define true DePIN projects is vital for the industry's health and growth, as DePIN has the potential to democratize access to essential infrastructure, reduce costs, and enhance resilience by eliminating single points of failure.

Nosana, a decentralized open-source compute network, has partnered with Matrix One, a decentralized AI character protocol, to democratize AI character creation. Nosana provides affordable access to GPUs, which will be used by Matrix One for computational research and development. This collaboration will enhance Matrix One's ecosystem, enabling the creation of more advanced AI avatars. The partnership aims to test Nosana's platform capabilities and explore future integrations to enhance capabilities and services. Both Nosana and Matrix One are committed to innovation and the growth of decentralized computing solutions and AI models.

SNPad, a Web3 platform that pays viewers for watching commercials, is set to list its token on Uniswap on June 4, 2024. The platform uses AI and blockchain to deliver personalized ads to households, offering a more engaging and targeted advertising experience. Users can earn up to 70% of ad revenue in SNPAD tokens. SNPad aims to revolutionize TV advertising for the 1.72 billion global households, providing a new way for viewers to earn while watching commercials. The platform has already received accolades, including the 'Best Blockchain Startup' award at Crypto Expo Europe 2024.

Decentralized Physical Infrastructure Networks (DePIN) are revolutionizing the internet's infrastructure layer, offering growth and innovation potential. Five DePIN projects stand out for their promising technical setups and investment potential. Render Network connects artists with unused GPU power from other computers, with its RNDR tokens rewarding contributors. Phala Network focuses on privacy-preserving cloud computing, while Nosana leverages spare CPU power on devices for crowd-computing. These projects aim to democratize access to computational resources, making powerful computing more affordable and accessible.

Decentralized energy network Starpower has completed a $2 million pre-seed funding round, with participation from Alliance, Arweave, IoTeX, Bas1s Ventures, and angel investors including Max Jungreis, Shen Bo, and Sal Gala. Starpower uses the DePIN model to connect energy power equipment like air conditioners, batteries, and electric vehicles, establishing a dispatchable energy management network to improve power efficiency and reduce grid fluctuations, accelerating global energy transformation. Currently, Starpower has 50,000 app and hardware users, aiming to connect over a million power devices within three years and become one of the world's largest distributed energy aggregators.